NOT LISTED FOR SALE
16 Beds
-- Bath
-- Sq Ft
0.36 Acres

Last Sold April 24, 2020

Last sale price $165,000

237 Days on Market

About This Home

As of April 2020

Contingent on viewing property after acceptable contract. Don't disturb tenants. Great location in Holmes/Summer Ave area. As-Is! POF with contract if cash offer. 8 units. Tenant furnishes air/appliances. Edco Title to hold EM. See docs for Rent Roll& YTD. Rent $325 a month-appl & ac furnished by tenant. Owner spent a lot of money to turn this property around to income producing as YTD will show. Managed by J D Marks. Owner pays water and outdoor lights. 100% occupied-vacancies rent quickly!

Last Agent to Sell the Property

JILL BERRY

J.D. Marks, Inc., REALTORS License #203753 Listed on: 08/01/2019

Last Buyer's Agent

JILL BERRY

J.D. Marks, Inc., REALTORS License #203753 Listed on: 08/01/2019

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1951

Lot Details

  • 0.36

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction

Additional Features

  • 2-Story Property
  • 0.36 Acre Lot
  • Mini Split Heat Pump

Community Details

  • 8 Units
  • Dermon Resubd Subdivision
  • The community has rules related to allowing corporate owners

Listing and Financial Details

  • Tenant pays for some utilities
  • Assessor Parcel Number 038022 00016

Property Details

Home Type

Apartment

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Apartment Complex
  • MLS Map #: 751A
  • MAAR Subdivision Name: DERMON
  • Corporate Own: Yes
  • Number Of Stories: 2
  • Price Per Sq Ft: 458333.33
  • Year Built: 1951
  • Construction: Brick
  • List Price Per Unit: 21875
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Garage/Parking

  • Parking Facility: Asphalt/Blacktop

Utilities

  • Hot Water: Public Water
  • Heating Systems: Individual Systems

Lot Info

  • Lot Number: 1
  • Acreage: 0.36
  • Lot Size: 15997SF 131.6X130IRR
  • Price Per Acre: 486111

Rental Info

  • Tenant Pays: Some Utilities
  • Type Of Leases: Monthly

Tax Info

  • Assessor Parcel Number: 038022 00016

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 8
  • Number2 Bedroom Units: 8
  • Type of Unit: 2 BR - 1+ Baths

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2020 04/24/20 Sold $165,000 -5.7% --
01/02/2020 01/02/20 Price Changed $175,000 -8.9% --
08/01/2019 08/01/19 For Sale $192,000 -- --
Source: Memphis Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10059526

Memphis Area Association of REALTORS®